SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]
SEOUL, Aug. 21 (Korea Bizwire) – POSCO Engineering & Construction Co. said Sunday it has won a 950 billion-won (US$832 million) deal to construct a coal-fired power plant in Bangladesh. Under the contract signed with Japanese trading firm Sumitomo Corp., the construction arm of steelmaker POSCO will build a 1,200 megawatt plant and related facilities [...]
SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]
SEOUL, Aug. 21 (Korea Bizwire) – Foreign workers walked a red carpet strewn with flowers at Incheon International Airport yesterday as employees from the Human Resources Development Service of Korea and the embassies of Thailand, and Vietnam cheered on. The ceremony was held for five workers who had completed the maximum duration of nine years [...]
SEOUL, Aug. 18 (Korea Bizwire) – The best laid plans of “bears” and men may soon see bears come out on top as Asian black bear KM-53′s the highly publicized trek to find a new home has animal rights groups cheering and government agencies reconsidering their options. Also known as a moon bear for the [...]
SEOUL, Aug. 18 (Korea Bizwire) – According to a report compiled by researcher Hong Yeong Ho at the Korea Institute of Criminology, 1,593 men out of 2,000 who were surveyed responded that they had committed “acts of violence” towards their significant other. Hong’s paper takes an expansive view of “acts of violence” by including actions [...]
NORTH CHUNGCHEONG, Aug. 18 (Korea Bizwire) – Journalists and military personnel rubbed shoulders at the new state of the art training grounds opened in Cheongan County on August 17. The 132,000-square-meter facility is the first of its kind that will be able to accommodate a full battalion of reserve forces and provide the latest in [...]
SEOUL, Aug. 17 (Korea Bizwire) – According to a statement released by the National Policy Committee, a report submitted by online-only moneylender Kakao Bank showed that elderly users over the age of 60 were significantly underrepresented in numbers relative to other age groups of users. Since its inauguration on July 27, the online bank has [...]
SEJONG, Aug. 16 (Korea Bizwire) – Your neighborhood café might be playing a lot less music going forward now that the Ministry of Culture, Sports and Tourism has announced amendments to copyright laws. On August 16, the ministry issued a statement saying that revisions to standing copyright regulations had been made and would go into [...]
YONGIN, Aug. 16 (Korea Bizwire) – In commemoration of the 72nd Independence Day of South Korea, a statue of a ‘comfort girl’ symbolizing victims of Japanese sex slavery before and during the Second World War, was erected in the Seoul suburb of Yongin City. The committee that had commissioned the statue was in attendance for [...]